Research Analysts’ Weekly Ratings Updates for e.l.f. Beauty (ELF)

Several analysts have recently updated their ratings and price targets for e.l.f. Beauty (NYSE: ELF):

• 10/30/2024 – e.l.f. Beauty had its price target lowered by analysts at Jefferies Financial Group Inc. from $220.00 to $175.00. They now have a “buy” rating on the stock.
• 10/29/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $223.00 price target on the stock.
• 10/24/2024 – e.l.f. Beauty had its price target lowered by analysts at Stifel Nicolaus from $161.00 to $131.00. They now have a “hold” rating on the stock.
• 10/21/2024 – e.l.f. Beauty had its price target lowered by analysts at Robert W. Baird from $240.00 to $175.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – e.l.f. Beauty had its price target lowered by analysts at Truist Financial Co. from $210.00 to $130.00. They now have a “buy” rating on the stock.
• 10/15/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $223.00 price target on the stock.
• 10/15/2024 – e.l.f. Beauty had its price target lowered by analysts at Bank of America Co. from $190.00 to $165.00. They now have a “buy” rating on the stock.
• 10/11/2024 – e.l.f. Beauty had its price target lowered by analysts at JPMorgan Chase & Co. from $207.00 to $167.00. They now have an “overweight” rating on the stock.
• 10/1/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $223.00 price target on the stock.
• 9/30/2024 – e.l.f. Beauty had its price target lowered by analysts at Morgan Stanley from $184.00 to $139.00. They now have an “equal weight” rating on the stock.
• 9/18/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $223.00 price target on the stock.
• 9/16/2024 – e.l.f. Beauty had its price target lowered by analysts at Piper Sandler from $260.00 to $162.00. They now have an “overweight” rating on the stock.
• 9/12/2024 – e.l.f. Beauty had its price target lowered by analysts at TD Cowen from $235.00 to $150.00. They now have a “buy” rating on the stock.
• 9/11/2024 – e.l.f. Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $223.00 price target on the stock.
• 9/10/2024 – e.l.f. Beauty is now covered by analysts at B. Riley. They set a “buy” rating and a $175.00 price target on the stock.
• 9/9/2024 – e.l.f. Beauty had its price target lowered by analysts at Bank of America Co. from $230.00 to $190.00. They now have a “buy” rating on the stock.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $109.33 on Thursday. e.l.f. Beauty, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83. The firm has a fifty day moving average of $119.30 and a 200-day moving average of $158.52. The firm has a market capitalization of $6.12 billion, a P/E ratio of 49.25, a PEG ratio of 2.22 and a beta of 1.43. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The business had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On e.l.f. Beauty

A number of large investors have recently added to or reduced their stakes in ELF. Wealth Enhancement Advisory Services LLC boosted its stake in e.l.f. Beauty by 43.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,427 shares of the company’s stock valued at $672,000 after acquiring an additional 1,031 shares during the last quarter. State of Michigan Retirement System bought a new position in e.l.f. Beauty during the 1st quarter valued at $2,666,000. Van ECK Associates Corp boosted its stake in e.l.f. Beauty by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 20,925 shares of the company’s stock valued at $4,102,000 after acquiring an additional 5,597 shares during the last quarter. Norden Group LLC lifted its position in shares of e.l.f. Beauty by 3.7% in the 1st quarter. Norden Group LLC now owns 5,670 shares of the company’s stock worth $1,111,000 after buying an additional 203 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new position in shares of e.l.f. Beauty in the 1st quarter worth about $15,585,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.